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Star Housing Finance gets nod to raise upto Rs 20 crore through NCDs

26 Sep 2023 Evaluate

Star Housing Finance has received approval for Issuance of up to 2,000 Secured, Rated, Listed, Senior, Redeemable, Transferable Non-Convertible Redeemable Debentures (NCD’s) to Northern Arc Capital on a private placement basis, having face value of Rs 1 lakh each aggregating up to Rs 20 crore. The Board of Directors of the Company in its meeting held on September 25, 2023, has approved the same.

Star Housing Finance (formally known as Akme Star Housing Finance) is primarily engaged in the business of providing loans to individuals, corporate and developers for the purchase, construction, development and repair of houses, apartments and commercial properties in India.

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